Peterson Wealth Services Buys Shares of 4,951 Sterling Infrastructure, Inc. (NASDAQ:STRL)

Peterson Wealth Services purchased a new stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 4,951 shares of the construction company’s stock, valued at approximately $834,000.

A number of other institutional investors have also made changes to their positions in STRL. Principal Financial Group Inc. boosted its position in shares of Sterling Infrastructure by 1,088.1% during the 3rd quarter. Principal Financial Group Inc. now owns 355,546 shares of the construction company’s stock worth $51,561,000 after purchasing an additional 325,620 shares during the period. International Assets Investment Management LLC lifted its stake in Sterling Infrastructure by 14,112.0% during the third quarter. International Assets Investment Management LLC now owns 142,120 shares of the construction company’s stock worth $20,610,000 after purchasing an additional 141,120 shares in the last quarter. WCM Investment Management LLC purchased a new position in shares of Sterling Infrastructure during the fourth quarter worth $18,019,000. Congress Asset Management Co. grew its stake in shares of Sterling Infrastructure by 19.1% in the third quarter. Congress Asset Management Co. now owns 647,924 shares of the construction company’s stock valued at $93,962,000 after buying an additional 104,096 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in Sterling Infrastructure by 19.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 617,901 shares of the construction company’s stock worth $89,608,000 after acquiring an additional 102,101 shares in the last quarter. 80.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have weighed in on STRL. William Blair began coverage on Sterling Infrastructure in a research report on Friday, January 17th. They issued an “outperform” rating for the company. StockNews.com lowered shares of Sterling Infrastructure from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th.

Insiders Place Their Bets

In other news, Director Dana C. O’brien sold 2,000 shares of Sterling Infrastructure stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $175.89, for a total value of $351,780.00. Following the completion of the transaction, the director now owns 25,901 shares in the company, valued at approximately $4,555,726.89. This trade represents a 7.17 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 3.70% of the stock is owned by company insiders.

Sterling Infrastructure Stock Up 0.6 %

Sterling Infrastructure stock opened at $150.65 on Tuesday. The firm has a market capitalization of $4.63 billion, a P/E ratio of 25.45, a P/E/G ratio of 1.53 and a beta of 1.24. The stock’s fifty day simple moving average is $172.14 and its 200-day simple moving average is $153.34. Sterling Infrastructure, Inc. has a twelve month low of $76.01 and a twelve month high of $206.07. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.41.

About Sterling Infrastructure

Sterling Infrastructure, Inc engages in the provision of e-infrastructure, transportation, and building solutions primarily in the United States. It operates through three segments: E-Infrastructure Solutions, Transportation Solutions, and Building Solutions. The E-Infrastructure Solutions segment provides site development services for the blue-chip end users in the e-commerce distribution center, data center, manufacturing, warehousing, and power generation sectors.